A mortgagee’s interest in land is conveyed by what type of document?

A mortgagee’s interest in land is effectively conveyed through an Assignment of Mortgage. This document formally transfers the mortgage—that is, the lender's interest in the property and its lien—from one party to another. When a property is mortgaged, the mortgagee (lender) holds a legal interest in the property, and this interest can be assigned to another party.

In the context of a mortgage, the assignment is crucial because it allows the new mortgagee to enforce the terms of the original loan, collect payments, and initiate foreclosure if necessary. This process maintains the integrity of the financial agreement even if the lender changes.

The other options revolve around different concepts of property ownership and financing. A Warranty Deed conveys ownership of property from one party to another and includes guarantees regarding the title. A Deed of Trust involves a third-party trustee holding the title for the lender's benefit, and while it serves to secure a debt, it does not convey the mortgagee’s interest in the same direct way. A Promissory Note is a contract that outlines the borrower’s promise to repay the loan; it represents the debt obligation but does not itself convey an interest in the property.

Therefore, the Assignment of Mortgage is the specific document that